Medina Company PSC CPA

12/06/2022

Medina Company is looking for help for this coming tax season! Do you know anyone who has worked in the tax preparation industry and might just be looking for extra work? Please have them reach out!

You'll work closely with experienced CPA's to collect and collate client financial information, input into tax preparation program UltraTax CS, prepare workpapers to support the calculations on the return, identify missing information or unresolved questions, review the accuracy of the returns and s...

06/21/2021

https://news.bloombergtax.com/daily-tax-report/tax-pros-caution-some-clients-on-taking-monthly-child-tax-credit

Some tax professionals are urging clients to consider opting out of receiving new monthly payments of the child tax credit because they could end up having to pay back that money next filing season.

02/05/2021

https://www.vox.com/the-goods/22229551/tiktok-personal-finance-day-trading-tesla-scam?utm_source=Marketo&utm_medium=weekly_partner_nl&utm_campaign=2042021&mkt_tok=eyJpIjoiTlRWbU1EWm1aV1kyT0RVNCIsInQiOiJPeHM5Um51WHkzY0Roeks5TkNCM05zY1RLT1VwdHZPME5kTHI1R2VxeGVsczZUYXJxZjZpVVhZeWZJRkhWdDVCK1A0RlJ6QzZuT3dcL05Ub0c5RVlYbGNcL3puQ0dCdzJmZ1M1WkNTWDNxY2tsU2plTU9yU2swVkhLTThaaUhTT1FYIn0%3D

TikTok is full of dubious personal finance myths. Here are 10 of them, and why you should be wary.

03/27/2020

IRS does not have information available yet on stimulus or payment checks. Instead of calling, please watch for updates to www.irs.gov/coronavirus

03/15/2020

In light of the impact of Covid-19 upon our families and clients, we are implementing a drop off or mail-in only policy as a method of social distancing - effective immediately.

As always, we’re happy to speak with you by phone about your return(s) and we will return calls and emails as soon as possible. Thank you for your continued business.

10/28/2019

Obviously, every situation is different, but we are the human voice of experience and knowledge, that can hopefully ease your anxieties around taxes.

For years this self-employed writer did her own federal and state taxes using TurboTax — but that's changing for Tax Day 2020.

08/07/2019

Call us to help you decide what to do with these notices!

Correspondence season is in full swing. That means that the Internal Revenue Service (IRS) is sending out bills and notices to taxpayers. It may be hard for taxpayers to tell the real thing from the fakes - and scammers are taking advantage of the confusion. Here’s what you need to know.

07/01/2019

Don't make these mistakes!

We all know it’s important to save for retirement. Even if you’re saving for retirement, some common mistakes might cause you to run out of money in retirement. Avoiding these 7 retirement savings mistakes can increase the chances that you’ll be able to grow your portfolio and outlive your mon...

06/17/2019

New Identity Theft Scam out there - the IRS cannot CANCEL or SUSPEND your social security number. The IRS cannot accept payments in gift cards, nor will they instruct you to go - right now - to the grocery store to send a Western Union payment.

Also - there is no such thing as "Bureau of Tax Enforcement" - that's still all part of the IRS.

03/28/2019

We've been wondering when anybody in the media would figure this one out.

Politicians in mostly Democratic high-tax areas say the new federal cap on state and local tax deductions hurts their residents, but most never got it in the first place.

01/04/2019

https://www.bizjournals.com/louisville/news/2019/01/03/what-should-you-do-about-a-falling-stock-market.html?ana=e_mc_prem&s=newsletter&ed=2019-01-04&u=CIykosJjMRKybdt6QKdzQQ09c19a07&t=1546609137&j=85843211

If you had a perfect ability to predict how far the market would fall and when it would bottom out, it would make sense to move money in and out. But you do not.